Perspectives

The first quarter of 2024 is in the books! Here are a few things we’re watching in the markets. The S&P 500 had its best first quarter since 2019, increasing by 10.16%. While the Nasdaq 100 rose by 8.49%, and the Dow Jones Industrial Average saw a rise of 5.62%. Strength came from Artificial Intelligence themed companies, yet we saw the market rally broadening into other sectors during the quarter.

On December 29, 2022, President Biden signed the SECURE 2.0 Act of 2022 ("SECURE 2.0") as part of the Consolidated Appropriations Act of 2023. The law includes a provision that increases that starting age for RMDs to 73, eventually allowing some IRA owners to begin RMDs as late as age 75! However, those who have already started RMDs must continue.